CHICAGO, Feb. 10, 2015 (GLOBE NEWSWIRE) -- Brennan Investment Group, LLC, a private real estate investment firm that acquires and operates industrial properties on a national basis, announced the sale of 1680 Carillon Boulevard in Forest Park, Ohio, a suburb of Cincinnati. The 149,760 square foot institutional quality facility was designed and constructed for National Bedding Company, LLC ("NBC") in 2004.
The Class A industrial facility is 100% leased to National Bedding Company under a long term net lease. NBC uses the facility to assemble and distribute Serta mattresses. The acquisition also included additional land for future expansion of the building.
"Brennan Investment Group's general approach is to recycle capital after completion of our asset management plans. We remain active, and interested, in investing in other opportunities throughout the greater Cincinnati and Northern Kentucky markets", said Scott McKibben, Co-founder and Managing Principal for Brennan Investment Group.
Ted Staszak and Mike Caprile, of CBRE, represented Brennan on the transaction.
About Brennan Investment Group
Brennan Investment Group, a Chicago-based private real estate investment firm, acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States. Since 2010, Brennan Investment Group has acquired over $800 million in industrial real estate. The company's current portfolio spans 22 states and encompasses over 20 million square feet.
Brennan Investment Group co-invests with private and institutional capital to achieve outstanding risk-adjusted returns. The firm's management team is among the most accomplished in its industry, having invested in over 4,000 properties covering more than 60 cities throughout the United States, Canada and Europe.
For more information on Brennan Investment Group, go to www.brennanllc.com.